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Stock Market News 8 January 2026

Fabrinet stock slides after T. Rowe Price filing as tech shares dip

Fabrinet stock slides after T. Rowe Price filing as tech shares dip

New York, Jan 8, 2026, 15:42 EST — Regular session Fabrinet shares fell 6.5% to $439.75 in afternoon trade on Thursday, down $30.75 from the prior close, after touching a session low of $431.20. The drop tracked declines across electronics contract manufacturers and AI-linked hardware, with Celestica down 6.3%, Sanmina off 3.7% and Nvidia lower by about 2%. Separately, T. Rowe Price Associates disclosed in a Schedule 13G filing that it held 4.04 million Fabrinet shares, or 11.3% of the company, as of Dec. 31. Schedule 13G is a short-form report used by investors who cross the 5% ownership threshold
Accenture stock jumps 4% on fresh AI moves: Profitmind deal, Faculty buy plan

Accenture stock jumps 4% on fresh AI moves: Profitmind deal, Faculty buy plan

New York, Jan 8, 2026, 15:31 (EST) — Regular session Accenture plc shares rose about 4.1% to $285.18 in afternoon trading on Thursday, after opening at $272.25 and sliding to $270.53. The stock later touched $286.53, putting it ahead of other IT-services names. Cognizant gained 2.1%, IBM climbed 2.0% and DXC added 0.9%. Accenture said it has invested, through Accenture Ventures, in Profitmind and will partner with the retail technology company to take its agentic AI platform to clients. Agentic AI uses software “agents” that can interpret data and trigger tasks — aimed here at pricing, inventory and merchandising decisions
Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays

Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays

New York, January 8, 2026, 15:23 ET — Regular session Shares of Vertiv Holdings fell about 7% on Thursday, trading near $159.55 and sliding as low as $158.78 after opening around $171.26. The drop lands in a market that has started to punish expensive AI-adjacent names on bad days and ask harder questions on good ones. “While AI is still hot, there are going to be winners and losers,” Art Hogan, chief market strategist at B. Riley Wealth, said, as U.S. tech stocks lagged. Reuters That scrutiny sharpens on Friday, when the Labor Department is due to publish its December
AeroVironment (AVAV) stock jumps as Trump’s $1.5T defense budget call and drone-rule carve-outs hit markets

AeroVironment (AVAV) stock jumps as Trump’s $1.5T defense budget call and drone-rule carve-outs hit markets

NEW YORK, January 8, 2026, 15:17 EST — Regular session Shares of AeroVironment Inc (AVAV.O) rose 7.8% to $343.30 at 3:05 p.m. ET on Thursday, extending a sharp run in small defense names. The stock was up as much as 16.6% earlier after touching $371.20. The move came as defense stocks climbed after President Donald Trump called for a big increase in U.S. military spending, a shift that traders treated as supportive for order books even as Washington tightens the screws on shareholder payouts. RBC Capital Markets analysts led by Ken Herbert said the prospect of a larger budget could
Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

Viavi Solutions (VIAV) stock slides 8% as it unveils Verizon-linked AR tool — what’s next

NEW YORK, Jan 8, 2026, 15:08 EST — Regular session Viavi Solutions Inc shares fell about 8% to $17.03 in afternoon trading on Thursday, after touching a session low of $16.98. About 3.0 million shares had changed hands by 3:08 p.m. EST. The drop came amid a broader pullback in U.S. technology stocks that pushed the S&P 500 and Nasdaq lower, with investors weighing fresh labor-market data and looking ahead to Friday’s U.S. nonfarm payrolls report. Reuters Earlier on Thursday, the company said it had integrated RF Viewer — an augmented reality tool that overlays data on a live video
D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event

D-Wave Quantum stock drops after $550M Quantum Circuits deal; QBTS eyes Jan. 27 Qubits event

New York, Jan 8, 2026, 15:12 (EST) — Regular session D-Wave Quantum Inc shares were down 3.8% at $29.05 on Thursday, a day after the company unveiled a $550 million agreement to buy Quantum Circuits, a private developer of gate-model quantum hardware. The move matters because D-Wave is trying to prove it can turn quantum computing from demos into sales, and the acquisition is a costly way to speed that pitch. Gate-model systems are designed to run broader classes of quantum algorithms, while D-Wave’s annealing machines are built mainly to tackle optimization problems. SEC Investors are also fixated on the
Uber stock ticks higher as CES robotaxi rollout sharpens focus on Waymo and Tesla

Uber stock ticks higher as CES robotaxi rollout sharpens focus on Waymo and Tesla

New York, Jan 8, 2026, 14:58 EST — Regular session Uber Technologies, Inc (UBER.N) shares rose 1.9% to $87.85 in afternoon trading on Thursday, while partner Lucid Group (LCID.O) climbed about 4%. The move comes as investors re-price the long-running question around Uber’s future: will robotaxis become a cheaper supply of rides or a rival product that cuts into Uber’s slice of each fare. “Potential competition from autonomous vehicles has long been considered a key risk to Uber’s terminal value,” Jefferies analyst John Colantuoni wrote, pointing to renewed attention on Tesla and Alphabet’s Waymo. Investors Uber and partners Lucid and
Western Digital stock slides again after CES-fueled spike — what investors watch next

Western Digital stock slides again after CES-fueled spike — what investors watch next

New York, January 8, 2026, 15:04 EST — Regular session Western Digital Corp shares were down 7.6% at $184.75 in afternoon trading on Thursday, after swinging between $180.70 and $201.78 earlier in the session. About 9.3 million shares had changed hands. The drop fits a broader pullback in AI-linked memory and storage names that had sprinted higher at the start of the year, leaving the market quick to punish any wobble. In a Reuters report, B. Riley Wealth chief market strategist Art Hogan called AI “a ‘show me’ sector” as investors weigh who can turn big spending into returns, with
MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data

New York, Jan 8, 2026, 15:03 EST — Regular session MYR Group Inc shares were down 7.6% at $218 on Thursday afternoon, putting the electrical contractor among the sharper decliners in U.S. infrastructure-linked stocks. The stock opened higher and then slid, hitting an intraday low of $215.30. The selling came as major U.S. indexes eased and Treasury yields firmed, with investors reluctant to add risk before Friday’s nonfarm payrolls report. That report is a key input for rate-cut bets because it can shift views on growth and inflation. Reuters Fresh labor-market data did little to calm nerves. Initial jobless claims
Qualcomm stock rises as Volkswagen lines up long-term Snapdragon infotainment deal

Qualcomm stock rises as Volkswagen lines up long-term Snapdragon infotainment deal

New York, Jan 8, 2026, 15:04 EST — Regular session QUALCOMM Incorporated shares rose 1.3% on Thursday after Volkswagen said it signed a letter of intent that could make the U.S. chip designer a core supplier for the carmaker’s next software platform. The stock was up at $182.54, after trading between $176.51 and $184.29, even as the Nasdaq-leaning QQQ fell 0.8% and the iShares Semiconductor ETF slid about 1.8%. The Volkswagen tie-up lands as Qualcomm tries to prove it can grow beyond smartphones, where demand still swings with handset launches and upgrade cycles. Auto “wins” can lock in business for
Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

New York, January 8, 2026, 14:57 EST — Regular session Goldman Sachs shares were down 0.7% on Thursday after The Goldman Sachs Group, Inc. said it struck an agreement to transition the Apple Card program and associated accounts to JPMorgan Chase’s Chase. Goldman said the move should lift its fourth-quarter 2025 earnings by about $0.46 a share, driven by a $2.48 billion release of loan-loss reserves — money set aside for expected credit losses — even as it takes a $2.26 billion hit to net revenue tied to markdowns and contract costs. Goldman Sachs The timing matters for traders because
MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

MasTec stock drops nearly 9% in Thursday trade as infrastructure contractors slide — what to watch next

New York, January 8, 2026, 14:55 ET — Regular session MasTec, Inc. (MTZ) shares fell about 8.9% to $214.86 in afternoon trading on Thursday, after opening near $236 and sliding to an intraday low of $213.98. The stock was last down $20.89 on the day. The move underscores how quickly sentiment can flip in U.S. infrastructure contractors, where investors have been leaning into multi-year work tied to power grids, pipelines and network upgrades. When the trade gets crowded, small shifts in risk appetite can turn into a big tape move. MasTec’s drop came alongside a broader selloff in the group.

Stock Market Today

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

Amazon’s $200B AI Spending Jolt Spurs Stock Selloff as Big Tech Capex Nears $650B

7 February 2026
Amazon shares fell Friday after the company announced a $200 billion AI infrastructure plan for 2026, exceeding analyst expectations and reviving investor concerns about profitability. Combined 2026 capex flagged by Amazon, Alphabet, Microsoft, and Meta now tops $630 billion. Nvidia, AMD, and Broadcom shares surged on the news, while software and data firms remained under pressure.
Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

7 February 2026
Nvidia surged 7.8% Friday, leading a chip stock rally that pushed the Dow above 50,000 for the first time. The PHLX semiconductor index gained 5.7% as Advanced Micro Devices rose 8.3% and Broadcom 7.1%. Amazon fell 5.6% after projecting $200 billion in 2026 capital spending. Investors weighed a $600 billion AI infrastructure outlay against sharp losses in software shares.
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